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Marina Deal Flow
Tuesday Deals Roundup
Edition #1 · March 3, 2026
Welcome to the first edition of Marina Deal Flow. If you buy, sell, finance, or operate marinas — this is your deal sheet. Let's get into it.
Recent Transactions
Bay Harbor Marina — Bay City, MI
Feb 2026TopSide Marinas acquired Bay Harbor Marina — 80 acres, 400 wet slips, 100 dry stack, 500+ winter storage spaces with 120,000+ sq ft of heated indoor storage. First Michigan property for the Dallas-based operator. TopSide is backed by Miramar Equity Partners and TRT Holdings (Robert Rowling's entity, also behind Omni Hotels). Plans to expand service departments for Mercury, Volvo, and Kohler. Price undisclosed.
Boathouse Marine Center — Pompano Beach, FL
$16.1MBain Capital / BlueWater Marinas closed on this 36,000 sq ft dry-stack facility (160 dry racks, 22 wet slips) at 599 S. Federal Highway. Seller Roschman Enterprises had purchased the building in 2013 for $2.5M — a 6.4x return in 12 years. $12.5M loan from First United Bank. Second acquisition in the Bain/BlueWater JV.
Redwood Anchorage Marina — Sag Harbor, NY
$7.5MTown of Southampton purchased this 60-slip, 1.7-acre marina via Community Preservation Fund. Owner Gerald Schwenk turned down higher private offers to sell to the town. 85% of current slip renters are local residents. Will become a public facility managed by Sag Harbor Village. That's $125,000 per slip for Sag Harbor waterfront.
Eagle Point Marina — Lewisville, TX
Feb 2026Suntex Marina Investors acquired Eagle Point on Lake Lewisville — 597 wet slips, fuel dock, ship store, boat club, dry storage. This is Suntex's third Lake Lewisville marina (alongside Hidden Cove and The Tribute). They now operate 95+ marinas across 15 states. Price undisclosed.
Comp of the Week
Lauderdale Marine Center — Fort Lauderdale, FL
SOLD2018 Purchase: ~$170M (Carlyle Group)
2024 Sale: $341.2M (Carlyle flip to consortium)
Slips: 200+ mega-yacht
Acreage: 65 acres
Capacity: Vessels to 200 ft
Return: ~2x in 6 years
The largest full-service superyacht repair facility in the US. 65 acres, 4,000-ton Syncrolift, 13 dry docks, 1 million+ sq ft of covered repair space. Carlyle acquired in 2018, invested heavily in infrastructure and expansion, then sold for $341.2M — a clean 2x return on one of the most institutional-grade marina assets in the country.
Buyer to Watch
Bain Capital / BlueWater Marinas — 5 acquisitions and counting
Bain Capital's JV with BlueWater has quietly assembled a Florida portfolio: Boathouse Marine Center ($16.1M), plus four other acquisitions since 2024. They're targeting dry-stack and full-service facilities in high-demand coastal markets. Backed by Bain's infrastructure fund. This is a platform build — expect more.
Listings Worth Watching
Whidden's Marina — Boca Grande, FL
Historic marina since 1926. 5 generations of family operation. Zoned Marina Commercial. Home of the Gasparilla Island Maritime Museum.
Constitution Marina — Boston Harbor, MA
273 wet slips, 9,000 LF dockage. Projected 2026 revenue $3.8M, NOI $1.6M. One of New England's most distinguished marinas. Colliers listing.
F3 Marina — Fort Lauderdale, FL
World's fastest automated dry stack. 254 vessels, 59,000 sq ft hurricane-rated facility. Built 2021. Boats retrieved in under 5 minutes. Colliers listing.
Admiral's Anchor Marina — Jeffersonville, IN
180 slips on the Ohio River. 40 acres. NOI $350K (7% cap). Value-add: room to add 60 slips on Dock E.
Market Whispers
- Suntex Marinas (95+ marinas): Centerbridge Partners reportedly exploring a sale of its minority stake. Total company valuation estimated at ~$4B. This comes just a year after Centerbridge signed a $1.25B JV with Suntex backed by a $600M Wells Fargo revolver.
- Southern Marinas sold to Stonepeak Infrastructure for $700-800M. 15 marinas across 10 states. Stonepeak plans to use it as a platform for further acquisitions.
- MarineMax (NYSE: HZO) received an unsolicited $1.1B all-cash offer ($35/share, 38% premium) from The Donerail Group. A second shareholder, Levin Capital, is publicly urging the board to pursue a sale. Meanwhile, CalSTRS (California pension fund) is voting against CEO Brett McGill. Multiple competing suitors including Blackstone and Centerbridge.
- Bowline Marinas emerged as a new consolidator — four acquisitions in 2025 alone (Shields Marina FL, Bay Pines FL, Shem Creek SC, Lake Oconee GA). One to watch.
- D-Marin (26 marinas, Europe/UAE): CVC Capital Partners hired Goldman Sachs to explore a ~EUR 1B sale. EBITDA ~EUR 70M (~15x multiple). Early stage.
By the Numbers
$10B+
Platform deals in play or closed
$120M
Simply Marinas Q4 2025 volume
~89%
Still independently owned
21x FFO
Blackstone × Safe Harbor multiple
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